Stock / Symbol: Dish Network / DISH
Option Strategy: Double Diagonal Spread
Trade entry date / price: 06 Nov 2019 / $33.30
Trade exit date / price: 08 Nov 2019 / $35.05
Update: lowering our exit order price in order to get filled today.
Closing Trade Details:
STC 1 DISH 15Nov19 34 call
BTC 1 DISH 08Nov19 36 call
STC 1 DISH 15Nov19 33 put
BTC 1 DISH 08Nov19 31 put
for a min net credit of $1.55 per contract (GTC order, limit order). The mid is currently at $1.59. I was filled at $1.59
Analysis:
Max Risk: $160
Max Reward: $65 or 40% by Nov 8th with DISH at either $31 or $36
Profit Range: DISH at/ under $32 or at/over $35 by Nov 8th
Profit / Loss upon fill: ($1) or -0.6% (pre trade commissions)
Trade Commissions (round trip): $12
